The Global Financial Crisis hit and central banks around the world, including Canada’s own, began slashing rates. The prime rate dropped to as low as 2.25% in 2009. Interest rates stayed low for ...

Canada’s facing a trade war with its largest partner, and it may send interest rates plunging. BMO Capital Markets wrote to ...

Yields on competitive CDs increased to historic highs in recent ... outside the current rate cycle. “The Federal Reserve raised interest rates at the fastest pace in 40 years during 2022 and ...

Kevin Nishmas is an expert financial content writer with a long and successful history of working with ... curated a list of the best fixed-rate mortgages in Canada today to help you choose ...

How the Bank of Canada target rate change can affect Canadians renewing mortgages in 2025 and 2026 and 10 steps homeowners ...

With interest rates expected to decline further, along with economic uncertainties and U.S.-Canada trade tensions, Canadian ...

Our opinions are our own. The prime rate is a base rate set by financial institutions in Canada to determine the variable interest rates they can charge on lending products, such as mortgages and ...

The quarter-point reduction marks a step down from the Bank of Canada’s moves to cut by an oversized 50 basis points in its two previous decisions.

Below are some key quotes from a news conference by Bank of Canada Governor Tiff Macklem and Senior Deputy Governor Carolyn Rogers on Wednesday after the central bank cut its key policy rate by 25 ...

The Bank of Canada is likely to cut interest rates by a quarter percentage point on Wednesday as officials lay out their analysis of how US tariffs might derail a soft landing for the Canadian economy ...